Lancaster Colony Corp. (LANC) Shares Sold by Dowling & Yahnke LLC

Dowling & Yahnke LLC cut its stake in Lancaster Colony Corp. (NASDAQ:LANC) by 3.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 163,829 shares of the company’s stock after selling 6,236 shares during the quarter. Lancaster Colony accounts for about 1.9% of Dowling & Yahnke LLC’s portfolio, making the stock its 6th largest position. Dowling & Yahnke LLC’s holdings in Lancaster Colony were worth $21,168,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in LANC. Ameriprise Financial Inc. raised its position in Lancaster Colony by 2.5% in the second quarter. Ameriprise Financial Inc. now owns 69,736 shares of the company’s stock valued at $8,550,000 after purchasing an additional 1,710 shares during the period. Amalgamated Bank raised its position in Lancaster Colony by 4.9% in the second quarter. Amalgamated Bank now owns 2,720 shares of the company’s stock valued at $334,000 after purchasing an additional 127 shares during the period. New York State Common Retirement Fund raised its position in Lancaster Colony by 2.2% in the second quarter. New York State Common Retirement Fund now owns 23,620 shares of the company’s stock valued at $2,896,000 after purchasing an additional 499 shares during the period. UBS Asset Management Americas Inc. raised its position in Lancaster Colony by 2.3% in the second quarter. UBS Asset Management Americas Inc. now owns 10,208 shares of the company’s stock valued at $1,252,000 after purchasing an additional 229 shares during the period. Finally, Citigroup Inc. raised its position in Lancaster Colony by 3.2% in the second quarter. Citigroup Inc. now owns 4,075 shares of the company’s stock valued at $500,000 after purchasing an additional 128 shares during the period. 51.31% of the stock is currently owned by institutional investors.

Lancaster Colony Corp. (NASDAQ:LANC) opened at $124.13 on Monday. Lancaster Colony Corp. has a 52-week low of $113.33 and a 52-week high of $136.37. The company has a market capitalization of $3,407.61, a PE ratio of 29.56 and a beta of 1.01.

Lancaster Colony (NASDAQ:LANC) last released its quarterly earnings data on Thursday, January 25th. The company reported $1.14 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.18). Lancaster Colony had a net margin of 9.84% and a return on equity of 19.65%. The company had revenue of $319.70 million during the quarter, compared to analysts’ expectations of $335.10 million. During the same period last year, the business earned $1.42 earnings per share. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. analysts anticipate that Lancaster Colony Corp. will post 4.62 EPS for the current fiscal year.

LANC has been the topic of several research reports. BidaskClub lowered Lancaster Colony from a “sell” rating to a “strong sell” rating in a research report on Saturday, January 6th. Zacks Investment Research raised Lancaster Colony from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $153.00.

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About Lancaster Colony

Lancaster Colony Corporation is a manufacturer and marketer of specialty food products for the retail and foodservice channels. The Company’s food products include Salad dressings and sauces, Vegetable dips and fruit dips, Frozen garlic breads, Frozen Parkerhouse style yeast rolls and dinner rolls, Premium dry egg noodles, Frozen specialty noodles, Croutons and salad toppings, Flatbread wraps and pizza crusts, and Caviar.

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Institutional Ownership by Quarter for Lancaster Colony (NASDAQ:LANC)

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